Autogrill acquires 65.2% of leading Belgian concession operator Carestel

Jean-Paul Van Avermaet stays on as CEO. Cash take over bid at the same conditions to follow.

  • 5,793,085 shares at €5.00 per share worth a total €28.9m.
  • Imminent take-over bid for all the remaining shares prior to de-listing.
Friday, October 20, 2006 - 18:49

Milan, 20 October 2006 - Autogrill S.p.A. (Milan: AGL IM), the world’s leading provider of food&beverage and retail services for travellers, today acquired a 65.2% stake in Carestel Group N.V. (Brussels: CARB BB), Belgium’s top f&b concession operator, after receiving clearance from the Conseil de la Concurrence.